Blog Post

Earnings: DIS: Strong Quarter Across The Board (Ditching ESPN MVNO Helps)

The Walt Disney (NYSE: DIS) Company brought in another strong quarter, increasing net income to $877 million from $782 million in the same quarter last year. (The quarter ending Sept. 30 marked the end of Disney’s fiscal year.) Revenues rose 3 percent to $8.93 billion from $8.65 billion. Segment operating income was up 14 percent, to $1.81 billion from $1.59 billion.

— Among the segments, Media Networks revenues rose 14 percent while operating income increased by 25 percent. Within Media Networks, ESPN’s decision to ditch its MVNO helped raise its contribution … this is described as “lower costs associated with mobile phone operations, which have transitioned to a licensing model.” Of course, other factors at ESPN matter more — higher advertising and affiliate revenues.

— The Disney Mobile MVNO shutdown added to higher costs at the Walt Disney Internet Group.

Earnings release | Webcast (4:30 p.m. est)

More to come.